CIMB Group Holdings Bhd has obtained Bank Negara Malaysia (BNM)’s approval for a dual listing on the Stock Exchange of Thailand (SET).
In a filing to Bursa Malaysia Monday, CIMB Investment Bank Bhd said on behalf of CIMB Group that BNM had, vide its letter dated April 5, 2010, informed that it had no objection to the proposed SET listing.
Can the Subscription Economy Save Financial Services?
Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.
As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.(more…)
Asia Pacific Banks shrug off commercial property risks for now
APAC commercial property prices were down around 3% on average in 2020, after a 1% rise in 2019. But the coronavirus-induced decline has been modest compared to past downturns, suggesting that the impact on banks’ commercial real estate loans will generally be much smaller this time.(more…)
Thai banks net profit stood at 146.2 billion baht in 2020
The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to support economic recovery from the COVID-19 pandemic. according to latest Bot assessment.
Ms. Suwannee Jatsadasak, Senior Director, Bank of Thailand, reported on the Thai banking system’s performance in 2020 that the Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to support economic recovery from the COVID-19 pandemic.(more…)
BoI allows private sector in border logistics center
NAKHON PHANOM (NNT) – The Thailand Board of Investment (BoI) has agreed to allow the private sector getting involved in...
Thailand Post joins Prompt Song app to buy supplies at market for restaurants
BANGKOK (NNT) – Thailand Post Distribution Co., Ltd. has joined with the Prompt Song application to buy supplies at a...
Mainland China is in no position to take Taiwan by force
Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.
Thai Gaming Startups And Trends For 2021
Thailand is one of Southeast Asia's most important markets for mobile games. There are about 531 Thai publishers on Google...
COVID-19 situation in Thailand as of 27 February 2021
The post Coronavirus Disease 2019 (COVID-19) situation in Thailand as of 27 February 2021, 11.30 Hrs. appeared first on TAT...
Thailand’s Stock Exchange (SET) welcomes leading oil and retail business operator OR
SET News 10/2021 February 10, 2021 SET welcomes leading oil and retail business operator OR on Feb 11 BANGKOK, February...
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